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sell....Who would be crazy enough to contemplate that at this stage????? ;-)

Number of trades picking up each day and THREE lots of updates still to come this month (plus any surprise announcements).
Lots to look forward to and the next couple of weeks are going to be very interesting.

Have a good weekend all !

The feeling on the original delay was that they were waiting on the license as if you were the perspective partner you would not come up with an agreement /figure on say 7km of the DMS only for ECR to acquire another km or two and then have to re-negotiate on that.....You would want a one and done negotiation.
A I said that was the thesis on the chat at the time....may not have been the reality

I think itis the Ballarat one as I believe that encompasses the extension of the DMS and surrounds the existing Ballarat mine (happy to be corrected)

This is the Creswick license that we have applied for and have 3 other competing companies applying for the same license.
This has now been witing for a decision on who gets the license for over 18 months......the license number alludes me (help anyone?). If I find it I will post it here.

office alive = offer alive

Hi Mansle.......Honest answer is we don't know.
We do know there were multiple parties who enquired about Creswick and CB said a potential offer was subject to clarity on licenses (we are still waining for the disputed Creswick license to be allocated). So whether that office is still alive we don't know.
As the data builds on each of the leases then the chances of interest are increased and ECR hold a stronger hand in negotiations as resource is proven up to a greater degree.

Sampling in Creswick (results due) will lead to a greater estimation on the extent of the resource.
Blue Moon drilling results (results due) could confirm bonanza grades and extend the resource.
Either of the above (and HR3 with it's very good last drill result) could be the subject of JV discussions, but would be subject to NDAs if so...and I get the impression AH is a little more discreet/cautious the CB when it comes to disclosing any talks.

Lulworth is in too early stages at the moment I would say for JV speculation, but Hurricane after a few drillholes and more sampling next year could come in to play.

Possibilities on many fronts

over $1750 ...... all falling into line nicely

"In November" was what they said so plenty of time.....just means that we will get all three updates in quicker succession which could give some real momentum.

I'd start panicking if we get to the 29th with nothing ...in the meantime sit back, relax and let the SP steadily rise and consolidate to give us a higher baseline when the results come.

After he finished knocking on the lab doors and they give him some results.........Lulworth, Creswick and Blue Moon are all held behind those doors and any can get the race started !!!!

Soon be no holding ECR back ;-)

mentalmax....my interpretation on licenses is that AH expects the ones near Blue Moon to be decided this year.
F*** knows when the disputed license will be decided.....seems to be going on forever.

At the end of the day the licencing timings are at the mercy of the authorities and not ECR :-(

I think that the main topics will be Queensland licenses to get them on the radar.
Hopefully he will be armed with more Creswick data....there were multiple enquiries on Creswick previously so any enhanced information will hopefully peek some interest.
Blue Moon......confirmed bonanza grades by then (?) which should really get some companies to stand up and take notice.
HR3 .....lower on our list of priorities so if we did pick up an interested party who would take that on to progress with us on a free ride that would be a major bonus.
He may even try to flog Itagon (as progress on selling that seems to be slow) ;-)

Loads of good stuff to cram in to 10 minutes

I see that AH has been given a c2:10am slot so obviously targeting an audience in Australia and also will enable the US/Canada to see it at a reasonable time (I am assuming that there will be mostly a virtual audience).
Those are the territories where most of the big hitters would be for potential JVs.
I remember CB saying that the large interested party for a Creswick JV was based in WA.

The disputed license at Creswick is the key one of interest with regards to a possible JV.
CB intimated that JV negotiations were waiting for that license to be resolved as that would clarify the amount of the DMS that ECR are offering.
We don't know if those discussions/ that key point is still relevant and if the then potential JV partner is still interested (it's been 18 month's waiting for the license to be given).

The other interesting thing from Adam's last interview is that we have applied for some licenses around Blue Moon ...let's hope the resource is confirmed and extends out and we get those confirmed.

Another 490k top up for myself @1.098...happy to keep adding here as and when funds are available.

IF
Initial findings at Lulworth are positive
Blue Moon drilling confirms previous results (and extends the resource).
2nd Drill arrives
....then 2p+ by the end of November is not beyond reach as sentiment returns here big time.

Abe, You'll excuse me if I don't take investment advice from someone who is 90% down on the two companies they have commented on. Not exactly a financial guru.
As you say totally different management team and prospect now so MCR days are irrelevant (but thanks to them we have a a$60m tax credit).
Perhaps you should go and warn POW investors as that is where PJ is now residing.

Well after Andrew S's twitter yesterday I am genuinely excited about the month ahead.
He would surely have had to run such strong statements past Andrew H and Adam before posting such bold statements.
Looks like Lulworth will not be with us until the end of this week/next week....but may be worth the wait with Blue Moon and Creswick updates in quick succession.

https://twitter.com/AndrewScottTV/status/1587746748667002881

The board aren't the only ones ;-)

Tamer, You are correct....Putting a 'number' on the future SP is nigh on impossible, especially given the large number of prospects and variable that exist within ECR's portfolio.

One way to look at possibilities is to look at other miners MCAPs when they are at certain stages of development and look at the size of their prospects.

At the moment we are around the £10-11 million mark.
Looking at a number of junior miners with Jorc compliant and commercially viable prospects they range from £50-125m.
Then you look at those with really good resource ...and I'll use our old friend GGP (and before anyone starts I am not saying this is going to be the same) and the mcap is somewhere between £350-450m last time I looked.

So if it takes a year or two (again this timeline is unknown) to geta JORC compliant resource at Lulworth that is commercially viable the mcap from £50-125m would not be unreasonable to expect.
We could also have the same at Blue Moon and or Creswick in a couple of years with one or more of the projects subject to JV partnerships limiting out expenditure /on a free ride....then the MCAP would be £xxx m.

Of course to take the projects forward (and if we don't get a free ride) we would probably need to do further placings which would dilute the share price, but if we are at £100m+ I would not be worried by that (especially if the SP is higher then needing less shares issued)

Anyway, I am just spitballing numbers.
They are not a prediction, but demonstrate the potential in ECR IF we get positive news and progress on one, some or all projects....plenty of major upside here in the medium/long term.

In the short term we have initial Lulworth findings due any time (which could cause a nice bump in the SP) and then Blue Moon drilling results which I believe could cause a re-rate here as they could be VERY well received and if the confirm/extend the 2019 drilling results we could be sat on a very nice commercial resource (and if memory serves one of the majors has the license directly adjacent to Blue Moon, so there may be scope for a partnership there???)

All the above is why I have piled in here and will patient as things develop.